Funds Held in Trust. Subject to the provisions of Section 11.06, all funds received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds received by it hereunder except such as it may agree with the Company to pay thereon.
Appears in 22 contracts
Samples: Applied Materials Inc /De, Applied Materials Inc /De, IPERIONX LTD
Funds Held in Trust. Subject to the provisions of Section 11.06, all funds received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 17 contracts
Samples: Indenture (NetApp, Inc.), Indenture (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture (MARRIOTT VACATIONS WORLDWIDE Corp)
Funds Held in Trust. Subject to the provisions of Section 11.0612.06, all funds received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 5 contracts
Funds Held in Trust. Subject to the provisions of Section 11.0615.06, all funds received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds received by it hereunder except such as it may agree in writing with the Company Issuers to pay thereon.
Appears in 3 contracts
Samples: Prime Security Services (ADT Inc.), Indenture (ADT Inc.), Prime Security Services (ADT Inc.)
Funds Held in Trust. Subject to the provisions of Section 11.06, all funds received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds received by it hereunder except such as it may agree with the Company or the Guarantor to pay thereon.
Appears in 2 contracts
Samples: Thermo Fisher Scientific Inc., Thermo Fisher Scientific (Finance I) B.V.
Funds Held in Trust. Subject to the provisions of Section 11.0611.05, all funds received by the TrusteeTrustee will, until used or applied as herein providedprovided in this Indenture, shall be held in trust for the purposes for which they were received, received but need not be segregated from other funds except to the extent required by law. The Trustee shall will be under no liability for interest on any funds received by it hereunder under this Indenture except such as it may agree with the Company to pay thereonCompany.
Appears in 1 contract
Samples: Snap Inc
Funds Held in Trust. Subject to the provisions of Section 11.0613.06, all funds received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 1 contract
Samples: Indenture (ADT, Inc.)
Funds Held in Trust. Subject to the provisions of Section 11.0615.06, all funds received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds received by it hereunder except such as it may agree in writing with the Company Issuer to pay thereon.
Appears in 1 contract
Samples: Intercreditor Agreement (ADT Inc.)